Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,131 shares of the home improvement retailer's stock after purchasing an additional 6,367 shares during the period. Wilmington Savings Fund Society FSB's holdings in Lowe's Companies were worth $21,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at about $27,000. Stephens Consulting LLC raised its position in Lowe's Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. JNBA Financial Advisors lifted its holdings in Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 100 shares during the period. MFA Wealth Advisors LLC boosted its position in Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of Lowe's Companies during the 2nd quarter worth approximately $37,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 1.6 %

Shares of LOW traded down $4.40 during midday trading on Thursday, reaching $263.50. The company had a trading volume of 2,330,774 shares, compared to its average volume of 2,443,781. Lowe's Companies, Inc. has a 1-year low of $206.08 and a 1-year high of $287.01. The firm has a 50 day simple moving average of $270.94 and a 200-day simple moving average of $248.80. The stock has a market cap of $148.79 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wedbush reiterated a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a research note on Thursday. Melius Research initiated coverage on shares of Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 target price on the stock. Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday. Stifel Nicolaus increased their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday. Finally, Bank of America boosted their price objective on Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $280.85.

Insider Buying and Selling

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares of the company's stock, valued at $3,586,940.30. This represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

About Lowe's Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.